Property
Newark City, NJ 07104 366 Summer Ave
$699,999
17 more
Presented By: KELLER WILLIAMS - NJ METRO GROUP; 973-783-7400
Beds • 6- Baths • 3
Beds • 6
Baths • 3Home Details
Fantastic Owner-Occupant or Investor Opportunity! Discover this well-maintained 3-family property offering strong rental potential and long-term value. Ideally located near transportation, shopping, schools, and houses of worship, this property delivers both convenience and growth opportunity. Each apartment features updated kitchens and modernized baths, with separate utilities tenants pay their own gas, heat, and electric keeping operating costs low. The recently redone basement and plumbing add peace of mind and functionality. large double back lot provides ample off-street parking or potential for a future build or subdivision (variance required), offering excellent upside for investors or developers. With low taxes, no oil tank on the property, and solid existing condition, this home is truly turnkey and ready to go.
Presented By: KELLER WILLIAMS - NJ METRO GROUP; 973-783-7400
Interior Features for 366 Summer Ave
Bedrooms
Total Bedrooms6
Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent1250
UnitType2TotalRent900
UnitType3TotalRent1250
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbMDet, CookGas, RgOvGas, Refrig, SmokeDet
Unit 2 Appl/EquipCarbMDet, CookGas, RgOvGas, Refrig, SmokeDet
Unit 3 Appl/EquipCarbMDet, CookGas, RgOvGas, Refrig, SmokeDet
BasementFull, Slab, Walkout
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms5
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Dining Room, Family Room, Kitchen, Living Room
Unit 1 Room DescriptionBedrooms, Dining Room, Family Room, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Dining Room, Family Room, Kitchen, Living Room
General for 366 Summer Ave
Architectural Style3-Three Story, Duplex-Side by Side
CoolingWindow A/C(s)
CountyEssex
DirectionsBloomfield Ave to Summer Ave
DriveNon-Surfaced, Off-Street Parking, On-Street Parking
EasementNo
Full Baths3
Gross Income
Heating3 Units, Baseboard - Hotwater
Net Operating Income
Number Of Units Total3
Open Parking Spaces2
Operating Expense
PossessionAt closing
RoofAsphalt Shingle, Composition Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8381
Tax Assessed Value220400
Tax Lot20
Tax Year2024
Total Rooms15
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Water HeaterGas
Year Built1881
Exterior for 366 Summer Ave
Exterior DescriptionBrick, Vinyl Siding
Lot Dimensions25X180
Lot Size Acres0.10
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate